This New Buffett Buy Isn't the Only Stock Soaring Thursday Morning
The stock market has seen extreme turbulence this week, with a big gain on Monday giving way to substantial declines over the past two days. Big uncertainties about exactly how the Federal Reserve will handle interest rates to fight inflation are giving investors headaches, but at least on Thursday morning, it appeared that market participants would get a reprieve from the volatility. As of 8:15 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up a single point to 34,400. S&P 500 (SNPINDEX: ^GSPC) futures had risen 6 points to 4,482, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had picked up 38 points to 14,543.
Warren Buffett has been in the headlines lately, with Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shares having risen to all-time highs in recent weeks. Today, the Oracle of Omaha continued his recent run of major investment moves with another high-profile stock purchase. However, Buffett wasn't the only one taking advantage of current market conditions to make some timely buys. Below, you'll learn why Buffett decided to add HP (NYSE: HPQ) to the Berkshire portfolio, and then you'll see which other stock got good news on Thursday morning.
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Source Fool.com